Questions Are Raised Over Possible Macau Deal

International Entertainment Is in Talks for Stake in Junket Operator Suncity

By

Kate O'Keeffe

Jan. 12, 2014 1:18 p.m. ET

International Entertainment Corp., a company controlled by the family of one of Asia's richest men, said Thursday it is in talks to pay up to 7.35 billion Hong Kong dollars (US$947.9 million) for a 70% stake in a company linked to Suncity Group, one of the biggest gambling-junket operators in Macau.

Shares of International Entertainment, a hotel and property venture controlled by the family of billionaire Cheng Yu-tung, surged by...